Sameday Cash

I will be surprised if someone says I never face a situation with a shortage of cash. An average middle-class American can surely not say so because of so many uncertainties and situations that we face on a daily basis. With the regular salary already blocked for the fixed monthly expenses, there are various occasions where we find short of money and find ourselves staring in the sky thinking how to manage money for the prevailing financial crisis. With no choice, we turn our heads in the direction of borrowing money through the various banks or payday lenders.

It is a known fact that taking a loan from a bank is not a child play. With literally hundreds of documentation requirements and multiple verifications, the entire process is like running from pillar to post with no guarantee of any success in the end as bank can refuse such loan because of any reason. Payday loans here give an assurance of the money we have always wanted and that too within few hours. Why should I not go towards this product when I am getting the money I want at the time I want? Yes, there is a price to be paid but during an adverse situation, immediate money supply is more important than the cost of borrowing.

Such loans are short term and comes without any collateral submission. The term ranges a maximum to two or three weeks. It is expected to be paid off completely by the end of the month as soon as the next salary credits in the bank account. Hence not just getting a loan approval and money transfer, getting rid of this loan is equally fast as well. Although a payday loan should not be treated as a long term financial solution, the primary objective is to get rid of immediate financial crisis and moving on with the regular life rather than staring the situation. Such loans come with a cost and any individual going for this loan should not go for it without doing an elaborate financial planning. A heavy cost keeps on accumulating for all the time it stays outstanding and even more if the due date has already long gone.

The application for such loan can start online from your home or office. Some basic information about your demographics is all what is required at this stage. The lender conducts basic sanity checks along with a credit appraisal thus evaluating you of loan worthiness. He may also do a credit check to understand if you are not defaulting currently with any other financial institution or have been already declared as a defaulter. The good part about this loan is that the lenders do not worry about the end usage of the loan money. You can use it to handle your critical situation or go on a holiday, one is least bothered. It is thus extremely important for an applicant to understand why he is really going for payday loan. a prudent decision is to use the loan money only for the purpose for which it has been taken and should not be diverted to any other requirement. Equally important at this stage is to compare the various deals from all the other players in the market and finalizing the one which has the best package. The interest rate should not be the sole criteria to decide the lender but other terms like repayment flexibility, late payment or check return fee, loan rolling over fee etc. must be compared as well. This helps in minimizing the cash outflow during repayment.

Payday loans in Connecticut are legal but the Connecticut department of banking has put certain restrictions so as to avoid any kind of customer exploitation by such companies. The various provisions on interest rates have been added by the legislation. The interest rates are predetermined which a lender cannot surpass. The upper cap being $17 per $100 for the first $600 so borrowed. Over and above it, $11 per $100 can be charged up to $1800. Thus the APR is capped at 30.03%. In case of any concerns or complaints, a borrower can visit the Connecticut Department of Banking with relevant documentation.

States or Cities where we offer :

Follow us

Disclaimer :
FurnishLoans.com is not a lender and does not offer any short term loans. We connect our customers with our wide network of lenders. The decision of approving a short term loan requested by a customer rests with the lenders and not with FurnishLoans.com. We do not in any way determine the final amount that the customer would receive, the interest rates that would be charged and the final amount payable by the customer. FurnishLoans.com does not carry out credit checks of any customer applying for a short term loan through us. FurnishLoans.com does not act as an agent of any lender, nor do we advise our customers to get their loan from a particular lender. All customers can hence compare the final offer they receive from different lenders and choose an offer accordingly.
All customers who wish to receive a short term loan should apply for the same through our simple online form. Once we have all the details, we would send them to our network of lenders. After our lenders our satisfied with the information provided by you, they would make you an offer. The offer would contain all the terms and conditions attached to the loan along with the fee, interest rates and the final amount payable. If you are satisfied with the offer, you can accept the offer by providing your electronic signature. The electronic signature would be legally binding. After providing your signature, the lender would transfer the loan amount to your bank account. FurnishLoans.com or its associated lenders never put our customers under any obligation to accept an offer. In case you are not satisfied with the offer, you can choose to reject it. FurnishLoans.com exists to connect our customers with our network of lenders and is in no way responsible for the terms and conditions set by the lender.
Some lenders in our network may choose to carry out the customer’s credit check. There are a number of bureaus through which this check can be conducted; however, our lenders try to carry out the credit check through a bureau that does not impact your credit scores in any way. The check is merely to ensure that you do not have any default or outstanding loans on your name.
The content of the website along with this document may be changed at any time and FurnishLoans.com reserves the right to do so. We do not ensure that a lender would accept your application and would eventually make you an offer. Since we are not responsible for setting the terms and conditions of the loan, it is the customer’s responsibility to understand all the conditions set out by the lender along with the downfall of taking a short term loan. Short term loans are in no way a solution to long pending credits and are only a solution to handle emergency financial needs. If you have been taking loans since a long time or have not been in a stable financial position, we recommend that you consult a financial counselor.
All communications and transactions that occur between us and our customers are subject to our local jurisdiction. Due to certain state regulations, we would not be able to offer short term loans in some states. Please visit your local state regulations website to understand the regulations pertaining to short term loans in your area.